News and Announcements
Change Financial (ASX: CCA) Seals Three Crucial Strategic Agreements with Mastercard, Pulse and Central Bank of Kansas City (CBKC)
- Published April 26, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- US-based Change Financial announced that it has successfully sealed the deal with three major entities, namely Mastercard, Pulse and Central Bank of Kansas City.
- President of CKBC, Trent Sorbe remarked that through these deals, Change Financial had made amply evident its intention to keep in step with changing times and provide its users with the best possible experience.
- Likewise, a deal with Pulse implies that Change Financial will be able to utilize its vast nation-wide network for its clients to process transactions.
US fintech and blockchain investment entity, Change Financial (ASX: CCA) announced that it had sealed three strategic agreements for its Enterprise division that are likely to play a crucial role in the forthcoming launch of its SaaS solution. The three entities that have jumped on to Change Financial’s bandwagon are Mastercard, Pulse and Central Bank of Kansas
City (CBKC).
Among these, the agreements with Mastercard and CBKC are somewhat interlinked with one providing a gateway for the other. While on one hand, Change Financial has picked Mastercard as its main payment gateway, on the other hand it has signed a Letter of Intent with CBKC for being the issuing authority for all transactions related to Mastercard. On its part Mastercard will monitor all transactions and communication and in the long run it is expected to enhance the company’s processing capabilities and facilitate further expansion.
CBKC’s deal with Change Financial entails facilitating product development and innovation for its SaaS solution, thus being indicative of the bank’s intention of enabling the company to expand its horizons. President of CBKC, Trent Sorbe, remarked that by making a foray into the transaction processing segment, Change Financial has proved that it intends to keep in step with its product road-map and provide its cardholders with a positive experience.
Pulse is a subsidiary of another financial service called Discover and it boasts of having the third largest ATM network in the US. Courtesy of having sealed the deal, Change Financial will be able to utilize this vast network to enable its clients to process transactions.
About Change Financial (ASX: CCA)
Change Financial Limited (ASX: CCA) is Australia’s only listed digital banking platform. The Company offers consumers secure, low-cost, feature-rich bank accounts. Based in Los Angeles, California, ChimpChange delivers a better way to bank with two key value propositions to customers.
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